If the Price of a Good Increases and the Total

question 350

Multiple Choice

If the price of a good increases and the total revenue remains the same, the demand for the good is

• A) elastic.
• B) inelastic.
• C) unit elastic.
• D) perfectly elastic.

---

Definitions:

Summarizing

Summarizing involves condensing the main ideas or points of a discussion, document, or presentation into a brief synopsis.

Rehearsing

The act of practicing or going over material, actions, or presentations beforehand to ensure a smooth performance.

Warning Signals

Indications or alerts that suggest a potential problem, danger, or the need for action.

Discrepancies

Inconsistencies or differences found when comparing two or more elements, which may indicate errors or variances.